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Permanent 0.5% Sales Tax on Ballot

By Caleb Taylor Should Arkansas approve a permanent 0.5 percent sales tax for road funding in November? UCA Assistant Professor of Economics and ACRE Scholar Dr. Jeremy Horpedahl gave voters a few important points to consider in “Paying for roads,” in the Arkansas Democrat-Gazette on September 25. The 0.5 percent sales tax on the ballot […]

Is Arkansas’s Sales Tax Holiday Really Worth Celebrating?

By Caleb Taylor Arkansas’s annual sales tax holiday allows shoppers in Arkansas the opportunity to purchase certain school supplies, school art supplies, school instructional materials, and clothing free of state and local sales or use tax one weekend per year. The holiday occurred on August 1-2 this year. Sixteen other states have similar back-to-school holidays. […]

Severance Taxes Too Volatile

By Macy Scheck Between November 5, 2019 and January 21, 2020, natural gas prices dropped 33.6%.  This dramatic price decline occurred even before March, when the coronavirus began to have a large impact on U.S. economic activity.  This price volatility causes fluctuations in the revenue the state receives from its taxes on natural gas sales, […]

Arkansas Handling Economic Turmoil Better Than Most States

By Caleb Taylor Arkansas is doing relatively well so far compared to the rest of the nation in weathering the economic shocks from COVID-19 since March, according to UCA Assistant Professor of Economics Jeremy Horpedahl. Horpedahl, an ACRE Scholar, spoke to attendees of a webinar hosted by Americans for Prosperity-Arkansas on May 11 about economic […]

ACRE Student Spotlight: Macy Scheck

By Caleb Taylor How did a 2009 state severance tax increase affect natural gas production in Arkansas?  Not much, according to a forthcoming paper entitled “Examining the effect of Arkansas’s increased severance tax rate on natural gas production,” co-authored by ACRE Undergraduate Research Fellow Macy Scheck and UCA Professor of Finance Dr. Mike Casey According […]

How did Arkansas’s tax structure change over the previous decade?

By Caleb Taylor In an op-ed published in the Arkansas Democrat-Gazette on February 15 entitled “State status check,” ACRE Scholar and UCA Assistant Professor of Economics Dr. Jeremy Horpedahl and National Taxpayer Union Foundation Economist  Nicole Kaeding say Arkansas’s sales taxes have generally increased, income taxes have decreased, and property taxes have generally stayed the […]

Horpedahl Talks Trade War, Tarrifs

By Caleb Taylor How are Arkansans being affected by the trade war between the United States and China?  UCA Assistant Professor of Economics and ACRE Scholar Dr. Jeremy Horpedahl was a guest of Steve Barnes, host of Arkansas Week on AETN recently to discuss this and more. Horpedahl was joined on the panel by Harrison […]

Why does Arkansas have such a high sales tax rate?

By Caleb Taylor Arkansas is tied with Tennessee for having the highest average state and local sales tax rate at 9.47 percent, according to a midyear 2019 state and local sales tax report by the Tax Foundation. ACRE Scholar and Assistant Professor of Economics Dr. Jeremy Horpedahl discussed the relationship between Arkansas’s high sales tax […]

The Next Steps for Arkansas’s Tax Code

By Caleb Taylor Arkansas legislators made many improvements to the tax code during the 2019 legislative session, but is there more to be done? ACRE Scholar and UCA Assistant Professor of Economics Dr. Jeremy Horpedahl and the Tax Foundation’s Vice President of Federal and Special Projects Nicole Kaeding answer in the affirmative in “Talk about […]

ACRE Scholar Quoted on State Tax Code Changes

By Aaron Newell Comprehensive reforms – not special tax incentives – are key to making Arkansas a  more economically competitive state says Jeremy Horpedahl, ACRE Scholar and UCA Assistant Professor of Economics, who recently discussed Act 822 with Paul Williams at Law360. This act, sponsored by Sen Bart Hester (R-Cave Springs) and signed by the […]